At the end of April, Cavy Company had completed Job 766 and 765. According to the individual job cost sheets the information is as follows:Job Direct Materials Direct Labor Machine HoursJob 765 $6,160 $1,848 22Job 766 10,944 3,456 64Job 765 consisted of 132 units, and Job 766 consisted of 192 units. Assuming that the predetermined overhead rate is applied by using machine hours at a rate of $153 per hour.

a. Determine the balance on the job cost sheets for each job. Job 765 $Job 766 $

b. Determine the cost per unit at the end of April. Round to the nearest cent. Job 765 $Job 766 $

a)

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

b)

For Job 765 = $86.167

For Job 765 = $126

Explanation:

Data provided in the question:

Job Direct Materials Direct Labor Machine Hours

Job 765 $6,160 $1,848 22

Job 766 $10,944 $3,456 64

Overhead rate = $153 per hour

Job 765 consisted = 132 units

766 consisted = 192 units

now,

Overhead = Machine Hours * Overhead rate

For Job 765 = 22 * 153

= $3366

For Job 766 = 64 * 153

= $9792

Total job cost i. e balance on the job cost sheets

= Direct Materials + Direct Labor + overhead

a)

Job Direct Materials Direct Labor overhead Total Job cost

Job 765 $6,160 $1,848 $3,366 $11,374

Job 766 $10,944 $3,456 $9,792 $24,192

b)

Cost per unit = [ Total job cost ] : Total units

For Job 765 = $11,374 : 132

= $86.167

For Job 765 = $24,192 : 192

= $126